The macroeconomist would most likely study
A)the effects of changing apple prices on the market for oranges.
B)the effects of an increase in wage rates on a woman's decision to enter the labor force.
C)the effects of a lower income tax rates on the nation's total production of goods and services.
D)the effect of increased union wages on the cost of producing automobiles.

Question

Quizplus · Accepted Answer

Macroeconomics is concerned with the overall performance of the economy and focuses on issues such as inflation, unemployment, and gross domestic product (GDP). A lower income tax rate directly impacts individuals' disposable income, which can lead to increased consumption and higher economic activity, ultimately affecting the nation's total production of goods and services.

The Macroeconomist Would Most Likely Study